Foodpanda Group raised additional USD 20 million

Foodpanda Group raised additional USD 20 million

foodpanda and its affiliated brand hellofood, the fastest growing online food delivery marketplace worldwide, received another USD 20 million in funding from a group of investors including Phenomen Ventures. With the new investment foodpanda is aiming to continue its global ambitions and roll out to over 40 markets by the end of Q1. The company is currently operating in four continents.

Last year, foodpanda expanded into 20 more countries and launched a mobile app for iOS and Android, which is currently one of the leading food delivery apps worldwide. Following its growth strategy, foodpanda expands its services into eight more countries including Croatia, Bulgaria, Serbia, Slovenia, Kazakhstan, Azerbaijan, Tanzania and Uganda in early 2014.

Ralf Wenzel, Co-Founder and Global Managing Director foodpanda/hellofood:

“We are currently the most globally prominent online marketplace for food delivery, active and rising in Asia, Europe, Latin America, the Middle East and Africa. Having acquired the trust from experienced investors we will be able to continue our growth strategy to become a truly global internet brand. Further to this, we will push our expansion within our existing markets, to gain presence at every corner of every country we are active in. We continue to invest in customer service, creating the most convenient way to order food – no matter where you are.”

The online marketplace helps restaurants to increase delivery sales through online and mobile platforms and provides them with constantly evolving technology and analytics. Customers can choose their favorite meal online and foodpanda processes the order directly to the restaurant, which delivers the meal to the customer. foodpanda is partners with over 22.000 restaurants worldwide.

In 2013 foodpanda secured more than USD 20 million funding from Phenomen Ventures and Investment AB Kinnevik and USD 8 million from iMENA Holdings.

 

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